Nigeria Targets N2.5 Trillion Revenue by 2026

The Federal Government of Nigeria has set an ambitious target of N2.5 trillion for independent revenue generation by the year 2026. This initiative is part of efforts to strengthen fiscal discipline and improve public revenue generation.

Charl Abana, the Executive Chairman of the Fiscal Responsibility Commission, disclosed this information during a meeting on Tuesday with the Commission's management and Secretary to the Government of the Federation, George Akum, in Abuja. The target follows a monitoring report indicating that the independent revenue generated by Ministries, Departments, and Agencies (MDAs) was approximately N1.84 trillion as of September 2025.

Abana explained that the Commission aims to enhance transparency in revenue reporting and ensure prompt remittance of operational surpluses. The Commission is also reviewing and upgrading its operational surplus calculation template to reflect current fiscal realities.

Akum emphasized the need for stronger collaboration among fiscal oversight institutions to promote transparency and prudent management of public finances, linking these efforts to the Renewed Hope Agenda of President Bola Ahmed Tinubu.